Stocks To Watch: TCS, Infosys, BOI, Tech Mahindra, SpiceJet, Paytm & More

Top companies like TCS, Infosys, BOI, Tech Mahindra, SpiceJet, and Paytm are among the top 8 stocks that market observers are expected to be focusing on Thursday, January 11.

Tech Mahindra

Tech Mahindra Ltd will announce its audited results for the third quarter and nine months ended 31st December 2023 on 24th January, 2024 as per a stock exchange filing dated 10th January.

Bank of India (BOI)

The Q3 business update was released by the state-run Bank of India (BoI) on Wednesday, January 10. The bank reported that, compared to the same time the previous year, its overall business climbed 9.9% globally to reach Rs 12.76 lakh crore, from Rs 11.61 lakh crore.

The total amount of deposits in the domestic market grew by 7.62% to Rs 5.99 lakh crore from Rs 5.56 lakh crore in the same quarter of the previous fiscal. Domestic advances jumped 11.6% YoY to Rs 4.76 lakh crore in Q3FY24 from Rs 4.26 lakh crore in Q3FY23.

Balrampur Chini Mills

With effect from January 1, 2024, Balrampur Chini Mills Limited has named Ms. Avantika Saraogi as the Executive Director of the Company. Mr. Vivek Saraogi, the Chairman and Managing Director of BCML, is the father of Ms. Avantika Saraogi, a young and accomplished entrepreneur and member of the esteemed Saraogi family in the sugar business.

Paytm

Gujarat International Finance Tec-City (GIFT City) would get a sizable investment of Rs 100 crore, according to a statement made on Wednesday by One97 Communications Ltd (OCL), the parent company of Paytm. This strategic investment is part of Paytm's strategy to strengthen its position in the cross-border remittance market and develop a strong global financial ecosystem.

Infosys

The IT giant is going to declare its financial results for the quarter ended 31st December 2023.

TCS

TCS The largest supplier of IT services in India, Tata Consultancy Services (TCS), will release its Q3FY24 financial results today, January 11.

SpiceJet

SpiceJet plans to offer preferential shares and warrants in order to generate funds for its development and revitalization, totalling Rs 2,250 crore. In addition, the airline presented its plans for SpiceJet 3.0, which calls for the restoration of 25 grounded aircraft to service.

RailTel Corporation

The Centre for Development of Telematics (C-DoT) has awarded RailTel Corporation of India Ltd a work order of Rs. 29.54 crore (excl. GST) for the installation, testing, and commissioning of MPLS VPN connections at twenty-six sites around India.